Commercial Retail

NEW - Ocean Restaurant, 3 Victoria Road, Swansea, SA1 3NE

For Sale
£
65,000 For Sale

Situated on Victoria Road, this substantial detached A3 premises occupies a prominent trading position close to the City Centre. The premises is less than a minute’s walk from Wind Street and benefits from regular levels of footfall. Other local occupiers include No. 6, Vue Cinema, Old Havana, and Juniper Place. Parking facilities are available on the opposite side of the road.

Description

This premises comprises a ground floor open plan seating area with bar and WC facilities. The kitchen itself is situated on the ground floor and is well equipped. The premises benefits from a basement currently used for storage and a pot wash. The first floor comprises further open plan seating, a bar, private function room/office, and further WC facilities.

Externally, the premises benefits from a roof terrace.

The restaurant itself can accommodate 90 covers to the ground floor, and a further 30-40 on the first floor. The premises is DDA compliant and benefits from accessible WC facilities to the ground floor.

Utilities

The premises benefits from all mains utilities. Please note, none of the utilities were tested during the course of our inspection.

Size

The ground floor measures 350 sqm – 3,766 sqft. Measurement was taken in accordance with RICS guidelines and is the Net Internal Area.

Fixtures

The premises benefits from a full range of fixtures normally associated with an Asian restaurant. A full list of fixtures and fittings is available upon request.

Tenure

Our clients Leasehold interest is available To Let by way of Lease Assignment. We understand that the premises is currently Let by way of a formal lease with a residual term of 19 years remaining at a passing rent of £15,600 per annum. We understand the lease provides for rent reviews every 3 years and options to determine the lease every 5 years.

Our clients Fixtures and Fittings are available by way of a premium at an initial asking price of offers in the region of £65,000 (Sixty Five Thousand Pounds).

Business Rates

The premises has a rateable value of £27,750. Interested parties are advised to discuss the business rates payable with either the local authority, or valuation office.

Viewing

Strictly by appointment and under no circumstances must any approach be made directly to the occupier. Please contact the sole selling agents below to make an appointment: